My 401K & stock fears have come to fruition. The bubble has burst. This isn't a correction as much as it is a crash. Where will this stop? Who will pay the biggest price?

2/29/2020 11:42:16 AM

Garden Rebel (Team Rebel Rousers)

Lebanon, Oregon

This will all pass and it’ll be fine. The 401k is long term. After Trump is re-elected, the confidence will push the stock market over 30,000, and 401k’s will be sky high again. If you want to see a real 401k crash along with the stock market, just vote a Bernie into office. His administration will want all of what you have, especially if you didn’t “earn it” and work for it.

2/29/2020 12:23:21 PM

Iowegian

Anamosa, IA BPIowegian@aol.com

This will stop when the irrational fear stops, or the virus spread stops. SARS is a corona virus, and it isn't causing any more panic. Usually these viruses slow way down as the weather warms up. Democrats made fun of Trump when he said that, but that is probably just what his advisers told him.

The ones who pay the biggest price are the ones causing the crash. Selling at a loss due to panic is stupid. It guarantees you will lose money. Those who ride it our will get their money back when the market recovers. And the ones who buy once it hits bottom and ride it back up will make a bundle. And it will recover The new trade deals haven't had a chance to kick in yet.

So when you hear the democrats cheering on the crash for political gain, realize what they are doing. Fanning the flames of panic for their own selfish purpose. They don't care how many people it hurts or how bad it hurts them. In fact, the bigger the hurt, the better it is for them. They want people clamoring for a big socialist government to take over. And that is just what the democrats want. Ultimate power to run everyone's lives.

2/29/2020 12:32:08 PM

G. Kins

Pirates of the Pacific

I am ready for Bernie, Trump, virus... Whatever. But not ready for economic collapse. I am a lot more ready than some though. I do think the market will drop to 20k and if I had money I wouldnt buy until it dropped below 20,000. It will be a good buy in a year or so. This will affect housing soon a young friend and his wife are wanting to pull money out before it drops farther so they can get their remodel done. Folks will have less to spend but Trump is the only pres. with the courage to stand up to the fed and it would be much worse under a pres. who had no real care about the fed. Blah blah blah. Stay hopeful.

2/29/2020 2:27:53 PM

Jimbo01 (Team Bubba)

DeWitt Michigan

W0W!! Bernie gets spun into this on the second post. Good try though. This is on Trumps hands Garden Rebel. Bernie's name should have never been brought into this conversation.

2/29/2020 3:21:52 PM

bnot

Oak Grove, Mn

I have discussed with my daughter some of the implications of the spread of coronavirus. It is a subject being broached at her school both by the administration and fellow students. Right now, it is on the borderline of being pandemic. I think the odds are it will go pandemic. What happens after it goes pandemic. 40-60% of the population will be exposed. At a current fatality rate of 2% (actually it is currently less due to unreported cases) it will cause population adjustment. It will not wipe out humankind. The majority of the fatalities would be those that are very old, second biggest group would be the very young. At some point in time, containment may be impossible. So what does this mean for society. If 2-3% of the older baby boomer generation succumbs to the illness, GDP does not go down, housing market shortage is eliminated, and burden on social security is lightened. It is a cold way of looking at the situation...but from a younger perspective, it might not be all bad unless you have grandparents affected. The affect on the very young (1-3 years), can not be argued as any benefit to future society that I can think of.

My perspective....we all are going to be exposed. Live life day by day...there is no guarantee for tomorrow.

2/29/2020 4:01:34 PM

Jimbo01 (Team Bubba)

DeWitt Michigan

I agree with your point of view bnot!! There are still many unknowns that will become clearer with time.

2/29/2020 4:07:01 PM

G. Kins

Pirates of the Pacific

Correct me if I'm wrong but the virus been very merciful towards the young... no one under nine has died of the virus??? Correct me if I'm wrong.

2/29/2020 4:26:17 PM

bnot

Oak Grove, Mn

I had not heard that Glenoma, what is being told to my daughter by her teachers is those with weak immunization systems are those that are most vulnerable, ie very old and very young. Those, that are her age would be sick for awhile but probably would survive. Do you have any website that shows the fatality by age? We can run about in fear, the world is ending...or we can accept the situation. Before coronavirus reaches you, you can do what you can to raise your immunity. Eat healthy food, exercise etc, do the things doctors have been telling you to do for healthy lifestyle for years. I think it is beyond democrat-republican. Viruses do not have political party.

2/29/2020 4:43:54 PM

TruckinPunkin

Greencastle, PA

I could see the coronavirus becoming a pretty serious problem in California. Ocean freight takes 21 days from Shanghai to Los Angeles. The virus remains active outside the body for up to 28 days. On top of that, California has a problem with street feces and the virus is known to be transmissible through feces.

2/29/2020 4:49:14 PM

Iowegian

Anamosa, IA BPIowegian@aol.com

Isn't it amazing how a virus that started in China is now Donald Trump's fault? Democrats blame Trump for cutting funds to the CDC, but conveniently forget that spending bills start in the House and they control the house. Somehow, Trump was supposed to keep the Chinese from eating bat soup or something else that got the virus going. And you get worms like Tom Steyer, cheering for this to become Trump's Katrina. He needs to squirm back under his rock for hoping for a health disaster to help his politics.

I haven't lost any sleep over this. I am nearly 66 and have asthma,so I guess I am in the high risk group. But I take a bunch of immune boosting supplements and keep my hands clean. I used to get 2 colds a year, but haven't had one in 7 years. I don't mess up my immune system with the annul flu shot. It is very ineffective, and I believe that if your body is fighting off that shot, it weakens your resistance to other bugs. My wife is a nurse and has to get the flu shot to keep her job. And she gets sick a lot. A couple years ago she got flu despite the shot, and was sicker than ever. When they tell you that if you get a flu shot and the flu, it won't be as bad because you get some protection from it, I think they are lying. They have no research to prove that. If anything, the shot stressed out your immune system and made you more vulnerable. But that is just my opinion. And the fact that I did not get the shot and did not get flu from her might have been just a coincidence. But maybe I am right.

2/29/2020 4:56:41 PM

bnot

Oak Grove, Mn

On friday, i started to hear Bloomberg commercials trying to use coronavirus to his advantage. I just had to shake my head, thinking this is stupid.

TruckinPunkin, if coronavirus hits California hard...it is only a few weeks later before it hits the rest of the US hard. Millions of people go between CA and the rest of the country per week. Once it is a community disease, not just a traveler disease there is no stopping it.

Iowegian, I am not too concerned about coronavirus...I have never had a flu shot. I have gotten flu symptoms only about once every 7 years. This is with a daughter that has exposed me to every flu for 15 years from her school. I think that my immunity system is quite good. I could be wrong, but I think if you are healthy, have a developed immunity system, that you will survive coronavirus. I don't think that it is going to be the end of the world.

2/29/2020 5:18:08 PM

cjb

Plymouth, MN

bnot-overall case fatality rate is estimated to be 2.5% in the largest study I've seen so far. Youth are left largely unscathed, but 10+% fatality rate in elderly. Much higher fatality rates in critically ill, people with chronic lung injury, etc.

It's hard to say what the impact of the virus will be, but your cold description really downplays the potential economic impact. If the case fatality rate holds true, this may be a pandemic approaching 1918 flu scale. Healthcare system could easily be overwhelmed.

2/29/2020 6:01:46 PM

bnot

Oak Grove, Mn

cjb...economic impact depends on how the country approaches the problem. If they shut down businesses, create artificial quarantines, etc..it will destroy the economy for no effect since 40-60 percent will be exposed anyway. That could cause extreme hardship. I think the best solution...let it run it's course. 10% of the elderly is a big difference than 10% of the general population. No offense to the elderly on this website...but from a pure future societal perspective, I think the well being of the young is more important the well being of the old.

2/29/2020 8:00:23 PM

G. Kins

Pirates of the Pacific

I am concerned about my family... I told them the state declared an emergency today but my grandma wanted to go out into town to get lunch anyhow. Hopefully the government will help try protect those who are at high risk and can't make a decision for themselves. Looks like in her case its a lifestyle choice like smoking and drinking... Can't blame Trump or anyone else if she doesn't want to make the (probably) better choice in terms of longevity and stay home. Those who don't have the luxury of making a choice will be the true victims.

2/29/2020 8:42:53 PM

G. Kins

Pirates of the Pacific

Optimistically, there will be chances to make some good choices.

2/29/2020 8:47:46 PM

Suburban Gardener

Western Washington

Looks like already is a community disease one county north of me. Probably a good time to drink more water and help myself to some vitamins.

"Like, Oh-my-gawd, people are so....like.. ...germy!" lol

2/29/2020 11:23:58 PM

Suburban Gardener

Western Washington

Grandma Glenoma, "I'll goto lunch if I wanna!"

2/29/2020 11:56:02 PM

Jimbo01 (Team Bubba)

DeWitt Michigan

and just like that "POOF" it was gone.

3/9/2020 4:15:00 PM

G. Kins

Pirates of the Pacific

Reading the news over the weekend it was all bad for stock values. With oil falling off a cliff I'd say stocks are heading for 15 k. Good news is the mortality rate is probably only .5 percent. The data from korea is the best data. Koreans are fairly healthy people generally speaking though so it could hit harder elsewhere. I have not read anything new or hopeful about the Israeli vaccine it was in the mainstream news a week ago they said a couple months or so... I guess that was just blowing smoke. Lots of smoke out there and if you think you may have it wear a friggin mask to slow the spread to others. CDC is overpaid and clueless.

3/9/2020 5:06:44 PM

Iowegian

Anamosa, IA BPIowegian@aol.com

The sky is falling. Dig a hole, jump in and cover yourself up. When I went into the grocery store,the gas station was selling gas for $2.03. When I came out it was down to $2.00. 15 miles to the west it is $1.86. If this keeps up, they will be paying me to take the gas out of their tanks.

The big money people the media are creating a panic. Drop the stock market way down so they can swoop in and clean it up at panic prices. The Dow dropped 2000 points today: when I was in college the Dow went over 1000 points total.

CNN is all upset: Trump had contact with 2 members of Congress who had contact with someone who developed corona virus. Pelosi just said the stocks are dropping becuse people don't have confidence in Trump. Schumer gets to threaten Supreme Court judges, and then lie about it. Said he was threatening republicans in the upcoming election, not the judges he named.

Is everyone totally nuts?

3/9/2020 6:07:54 PM

roger80

Susquehanna Pa

No, not everybody just Trump supporters!

3/9/2020 9:11:50 PM

cjb

Plymouth, MN

Glenoma Kins--its easy to design a vaccine these days. Getting said vaccine to clinical trials, demonstrating that it works, and getting people to use the thing is another matter. We're a year out, optimistically.

3/9/2020 10:01:39 PM

G. Kins

Pirates of the Pacific

lol Iowegian yes pay us to burn gas if the economy stalls I like that idea road trip take the kids to see the world's largest tree... At least plants dont get it so we are safe in the garden too or so we may assume. No clue why this is political I will say Trump said one thing that missed the mark for me but I would rather go through a recession with him in charge as for pandemic control he was probably very wise to hand that to someone else.

3/9/2020 11:39:13 PM

TruckTech1471

South Bloomfield, Ohio

Funny how these diseases magically become a worldwide pandemic every election year and the media spins it for or against the person in the White House at the time.

Once again, I'm seeing the media gain a foothold into many minds.

Sheep.

3/10/2020 7:07:55 AM

G. Kins

Pirates of the Pacific

Its messy out there for sure. It was good to see WA Governor Inslee and VP Pence getting along.

3/10/2020 12:35:24 PM

Iowegian

Anamosa, IA BPIowegian@aol.com

About 1 person in the US dies from corona virus every day. That is 1 out of about 330 million.

22 veterans commit suicide every day on average. That is 22 out of about 18 million.

A veteran is 400 times more likely to die from suicide than the general public is to die from corona virus.

Where are our priorities? Politicians rushed to spend over $8 billion on corona virus. How much did they allocate to veteran suicide? ZERO.

There is political hay to be made by scaring people and causing a panic. But they don't give a $h*t for our veterans who risked their lives for us.

So tell me this: why should we listen to anything these greedy, self serving wannabee dictator are telling us?

3/10/2020 3:09:28 PM

Iowegian

Anamosa, IA BPIowegian@aol.com

Obama and the democrats have been very vocal about how Trump isn't responsible for the great economy. They claim it is all Obama's doing. Are they going to claim the current situation too?

3/10/2020 3:14:53 PM

G. Kins

Pirates of the Pacific

The virus is not blue or red. It operates mathematically. We simply need the math to be on our side... Nowadays they run political campaigns mathematically so actually maybe politicians are the perfect people to understand.

3/10/2020 4:24:56 PM

G. Kins

Pirates of the Pacific

The stats for old/poor farmers are significantly worse than vets. But I do get your point Iowegian.

3/10/2020 4:37:53 PM

Jimbo01 (Team Bubba)

DeWitt Michigan

No spectators at the NCAA tournaments. This is getting crazy. Most collages are going to online courses here throughout the state.

3/11/2020 5:13:18 PM

Jimbo01 (Team Bubba)

DeWitt Michigan

And Mark, I think Trump WILL have his chance to PROVE to the world what he can do to get us out of a recession and get this country moving again. Best Job numbers and sky high stock market numbers. It's going to be huge.

3/11/2020 5:35:43 PM

G. Kins

Pirates of the Pacific

I agree low lending rates and low oil should equal a boom. But a lot of economic dinosaurs are probably going to go extinct meanwhile. We need to keep the pro small business, pro little guy, anti establishment types in office otherwise we will hit the ground with a thud... We are falling, yes... But its gonna be better to hit the ground running!

3/11/2020 6:02:20 PM

Hammers

Valencia

7700 in Spain with virus 3 a mile from me 228 dead in Spain 228infected in Valencia were in lockdown